Europe's IPOs underwhelm in tough market

Europe’s top ECM syndicate bankers are becoming a little disheartened about the IPO market, having had very little to celebrate since Easter.

By Sam Kerr

23 May 2018

A fortnight ago one of the largest IPOs in the market, the €1.2bn floatation of Springer Nature was pulled at the last minute with the sellers unconfident that the book was strong enough to sustain the price in the aftermarket.